Can I retire at age 60 with 543,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$44,840$44,441$44,051$43,671$43,300$41,897
2 years$22,198$21,785$21,384$20,996$20,619$19,219
3 years$14,652$14,237$13,837$13,452$13,081$11,728
4 years$10,879$10,465$10,070$9,691$9,330$8,033
5 years$8,616$8,205$7,815$7,444$7,092$5,856
6 years$7,108$6,700$6,315$5,953$5,612$4,437
7 years$6,032$5,627$5,248$4,894$4,564$3,451
8 years$5,224$4,823$4,451$4,106$3,786$2,734
9 years$4,597$4,199$3,833$3,497$3,189$2,195
10 years$4,095$3,702$3,342$3,015$2,717$1,781
11 years$3,685$3,295$2,942$2,624$2,337$1,457
12 years$3,343$2,958$2,611$2,301$2,025$1,199
13 years$3,054$2,673$2,333$2,032$1,766$992
14 years$2,807$2,430$2,096$1,803$1,548$824
15 years$2,593$2,219$1,893$1,608$1,363$687
16 years$2,406$2,036$1,716$1,440$1,204$574
17 years$2,241$1,875$1,561$1,294$1,068$481
18 years$2,094$1,733$1,425$1,166$950$404
19 years$1,963$1,606$1,305$1,054$846$339
20 years$1,845$1,492$1,198$954$756$286
21 years$1,739$1,390$1,101$866$677$241
22 years$1,643$1,298$1,015$787$606$203
23 years$1,555$1,214$937$717$544$171
24 years$1,474$1,137$867$654$489$145
25 years$1,400$1,067$803$597$440$122
26 years$1,332$1,003$745$546$397$103
27 years$1,269$944$691$500$358$87
28 years$1,210$889$643$458$323$74
29 years$1,156$839$598$420$291$63
30 years$1,105$792$557$386$263$53
31 years$1,058$749$519$354$238$45
32 years$1,014$709$485$325$215$38
33 years$972$671$453$299$195$32
34 years$934$636$423$275$176$27
35 years$897$603$395$253$160$23
36 years$862$573$370$233$145$20
37 years$830$544$346$215$131$17
38 years$799$517$324$198$119$14
39 years$770$492$304$183$108$12
40 years$742$468$285$169$98$10
41 years$716$445$267$156$89$9
42 years$691$424$250$144$81$7
43 years$668$404$235$133$73$6
44 years$645$385$221$122$66$5
45 years$624$367$207$113$60$4
46 years$603$350$194$104$55$4
47 years$584$334$183$96$50$3
48 years$565$319$172$89$45$3
49 years$547$305$161$82$41$2
50 years$530$291$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $543,000, adding $2,074 every year, while hoping to spend $25,858 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/27/27 Blend
59$543,000$543,000$543,000$543,000
60$600,525$571,746$563,330$623,400
61$634,266$572,249$554,689$640,287
62$670,582$571,910$544,891$655,926
63$709,708$570,660$533,872$672,393
64$751,903$568,427$521,561$689,779
65$797,450$565,134$507,887$708,185
66$846,663$560,697$492,773$727,726
67$899,882$555,032$476,142$748,528
68$957,487$548,045$457,909$770,734
69$1,019,890$539,639$437,988$794,503
70$1,087,548$529,710$416,290$820,010
71$1,160,961$518,149$392,719$847,452
72$1,240,680$504,840$367,176$877,048
73$1,327,312$489,659$339,559$909,042
74$1,421,523$472,477$309,759$943,704
75$1,524,046$453,157$277,664$981,337
76$1,635,689$431,552$243,156$1,022,275
77$1,757,340$407,508$206,112$1,066,890
78$1,889,975$380,862$166,403$1,115,597
79$2,034,671$351,443$123,896$1,168,854
80$2,192,611$319,067$78,451$1,227,171
81$2,365,099$283,543$29,920$1,291,113
82$2,553,569$244,667$0$1,361,307
83$2,759,600$202,223$0$1,444,750
84$2,984,933$155,985$0$1,545,519
85$3,231,480$105,713$0$1,655,890
86$3,501,352$51,153$0$1,776,857
87$3,796,868$0$0$1,909,522
88$4,120,585$0$0$2,057,466
89$4,475,320$0$0$2,236,301
90$4,864,173$0$0$2,432,399
91$5,290,558$0$0$2,647,492
92$5,758,236$0$0$2,883,484
93$6,271,352$0$0$3,142,475
94$6,834,467$0$0$3,426,776
95$7,452,608$0$0$3,738,935
96$8,131,312$0$0$4,081,757
97$8,876,677$0$0$4,458,332
98$9,695,423$0$0$4,872,066
99$10,594,950$0$0$5,326,708
100$11,583,414$0$0$5,826,391